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Healthpeak Properties（DOC）与Grocery Outlet Holding Corp.（GO）财务数据对比。点击上方公司名可切换其他公司
Grocery Outlet Holding Corp.的季度营收约是Healthpeak Properties的1.7倍（$1.2B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs -18.5%，领先91.7%），Grocery Outlet Holding Corp.同比增速更快（10.7% vs 3.1%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 8.3%）
Healthpeak Properties是美国医疗地产领域的房地产投资信托基金，核心投资范畴覆盖老年住宅、生命科学相关物业及医疗办公楼三类资产。公司2007年于马里兰州组建，总部设在科罗拉多州丹佛市，在尔湾、纳什维尔、旧金山均设有办事处，截至2019年12月31日共持有617处物业的权益。
Grocery Outlet Holding Corp.是美国知名的折扣清仓零售企业，旗下所有门店均为超市，主打销售品牌厂商及自有品牌供应商的库存积压与清仓商品，价格优惠。目前该公司的门店已分布在美国加利福尼亚、俄勒冈、华盛顿、爱达荷等十余州。
DOC vs GO — 直观对比
营收规模更大
GO
是对方的1.7倍
$719.4M
营收增速更快
GO
高出7.6%
3.1%
净利率更高
DOC
高出91.7%
-18.5%
两年增速更快
DOC
近两年复合增速
8.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.2B |
| 净利润 | $114.0M | $-224.9M |
| 毛利率 | — | 29.7% |
| 营业利润率 | 17.4% | — |
| 净利率 | 73.2% | -18.5% |
| 营收同比 | 3.1% | 10.7% |
| 净利润同比 | 2406.4% | -669.9% |
| 每股收益（稀释后） | $0.16 | $-2.22 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DOCGO
| Q1 26 | — | $1.2B | ||
| Q4 25 | $719.4M | — | ||
| Q3 25 | $705.9M | $1.2B | ||
| Q2 25 | $694.3M | $1.2B | ||
| Q1 25 | $702.9M | $1.1B | ||
| Q4 24 | $698.0M | $1.1B | ||
| Q3 24 | $700.4M | $1.1B | ||
| Q2 24 | $695.5M | $1.1B |
净利润DOCGO
| Q1 26 | — | $-224.9M | ||
| Q4 25 | $114.0M | — | ||
| Q3 25 | $-117.1M | $11.6M | ||
| Q2 25 | $31.7M | $5.0M | ||
| Q1 25 | $42.8M | $-23.3M | ||
| Q4 24 | $4.5M | $2.3M | ||
| Q3 24 | $85.9M | $24.2M | ||
| Q2 24 | $146.0M | $14.0M |
毛利率DOCGO
| Q1 26 | — | 29.7% | ||
| Q4 25 | — | — | ||
| Q3 25 | 58.6% | 30.4% | ||
| Q2 25 | 60.2% | 30.6% | ||
| Q1 25 | 61.1% | 30.4% | ||
| Q4 24 | 60.3% | 29.5% | ||
| Q3 24 | 60.0% | 31.1% | ||
| Q2 24 | 60.6% | 30.9% |
营业利润率DOCGO
| Q1 26 | — | — | ||
| Q4 25 | 17.4% | — | ||
| Q3 25 | 9.2% | 2.0% | ||
| Q2 25 | 5.7% | 1.1% | ||
| Q1 25 | 7.7% | -2.0% | ||
| Q4 24 | -2.2% | 1.0% | ||
| Q3 24 | 14.1% | 3.6% | ||
| Q2 24 | 22.3% | 2.3% |
净利率DOCGO
| Q1 26 | — | -18.5% | ||
| Q4 25 | 73.2% | — | ||
| Q3 25 | -16.6% | 1.0% | ||
| Q2 25 | 4.6% | 0.4% | ||
| Q1 25 | 6.1% | -2.1% | ||
| Q4 24 | 0.7% | 0.2% | ||
| Q3 24 | 12.3% | 2.2% | ||
| Q2 24 | 21.0% | 1.2% |
每股收益（稀释后）DOCGO
| Q1 26 | — | $-2.22 | ||
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.17 | $0.12 | ||
| Q2 25 | $0.05 | $0.05 | ||
| Q1 25 | $0.06 | $-0.24 | ||
| Q4 24 | $0.02 | $0.03 | ||
| Q3 24 | $0.12 | $0.24 | ||
| Q2 24 | $0.21 | $0.14 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $467.5M | $69.6M |
| 总债务越低越好 | $9.8B | $15.0M |
| 股东权益账面价值 | $7.5B | $983.7M |
| 总资产 | $20.3B | $3.1B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资DOCGO
| Q1 26 | — | $69.6M | ||
| Q4 25 | $467.5M | — | ||
| Q3 25 | $91.0M | $52.1M | ||
| Q2 25 | $89.4M | $55.2M | ||
| Q1 25 | $70.6M | $50.9M | ||
| Q4 24 | $119.8M | $62.8M | ||
| Q3 24 | $180.4M | $68.7M | ||
| Q2 24 | $106.9M | $67.1M |
总债务DOCGO
| Q1 26 | — | $15.0M | ||
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.1B | $500.3M | ||
| Q2 25 | $9.0B | $473.9M | ||
| Q1 25 | $8.9B | $475.7M | ||
| Q4 24 | $8.7B | $477.5M | ||
| Q3 24 | $8.6B | $429.3M | ||
| Q2 24 | $8.6B | $379.2M |
股东权益DOCGO
| Q1 26 | — | $983.7M | ||
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | $1.2B | ||
| Q2 25 | $7.9B | $1.2B | ||
| Q1 25 | $8.2B | $1.2B | ||
| Q4 24 | $8.4B | $1.2B | ||
| Q3 24 | $8.6B | $1.2B | ||
| Q2 24 | $8.8B | $1.2B |
总资产DOCGO
| Q1 26 | — | $3.1B | ||
| Q4 25 | $20.3B | — | ||
| Q3 25 | $19.6B | $3.4B | ||
| Q2 25 | $19.8B | $3.3B | ||
| Q1 25 | $19.8B | $3.3B | ||
| Q4 24 | $19.9B | $3.2B | ||
| Q3 24 | $20.0B | $3.1B | ||
| Q2 24 | $20.2B | $3.1B |
负债/权益比DOCGO
| Q1 26 | — | 0.02× | ||
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.20× | 0.42× | ||
| Q2 25 | 1.14× | 0.40× | ||
| Q1 25 | 1.08× | 0.40× | ||
| Q4 24 | 1.04× | 0.40× | ||
| Q3 24 | 1.00× | 0.35× | ||
| Q2 24 | 0.98× | 0.31× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.3B | $222.1M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | — |
| 自由现金流率自由现金流/营收 | 49.6% | — |
| 资本支出强度资本支出/营收 | 124.4% | — |
| 现金转化率经营现金流/净利润 | 10.99× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCGO
| Q1 26 | — | $222.1M | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $315.0M | $17.3M | ||
| Q2 25 | $363.5M | $73.6M | ||
| Q1 25 | $279.4M | $58.9M | ||
| Q4 24 | $1.1B | $39.5M | ||
| Q3 24 | $318.2M | $23.0M | ||
| Q2 24 | $316.2M | $41.6M |
自由现金流DOCGO
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | $-21.6M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $-1.5M | ||
| Q4 24 | $333.7M | $-19.6M | ||
| Q3 24 | — | $-19.3M | ||
| Q2 24 | — | $2.7M |
自由现金流率DOCGO
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | -1.8% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | -0.1% | ||
| Q4 24 | 47.8% | -1.8% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | 0.2% |
资本支出强度DOCGO
| Q1 26 | — | — | ||
| Q4 25 | 124.4% | — | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 5.0% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | 105.6% | 5.4% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 3.4% |
现金转化率DOCGO
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | 11.48× | 14.84× | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | 17.09× | ||
| Q3 24 | 3.71× | 0.95× | ||
| Q2 24 | 2.17× | 2.97× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
